Agenda - Council - 01/14/1986 - Laserfiche WebLink

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I I I I I I I I I I I I I I I I I I (4) Progress Payments: O~ce each month the Owner shall pay the Engineer for professional services performed under Article 2,B, 2.C and 2.D of this Agreement in proportion to services performed during the period. The Engineer shall provide the Owner with an itemized bill detailing the services performed during the period. B. Payments for Basic Services of the Engineer: The Owner shall pay the Engineer for the basic services described in Article 2.B of this Agreement, a basic fee as shown on Schedule "A", being a percentage of the Construction Cost of the Project with progress payments as herein provided. At the completion of each phase of the work, progress payments shall total the following percentages of the Basic Fee for the Project, or estimates thereof. il) Study and Report: 10%, based upon the feasibility cost estimate. (2) Preliminary Design: 30%, based upon the preliminary cost estimate. (3) Contract Documents and Final Design: 75%, based upon the final cost estimate. (4) Bidding or Receipt of Proposals: 80%, based upon the lowest bonaftde proposal. (5) Construction: 95%, based upon the total construction cost of the project. (6) Final Acceptance of the Project: 100% of basic fee for project. C. Payments for Engineer's Reimbursable Services: The Engineer shall be reimbursed at cost for the reimbursable services outlined under Article 2.D, with the exception of the work done by special consultants. Work done by special consultants as directed by the Engineer shall be billed directly to the Owner. However, the Engineer shall review the bills and make recommendations for payment by the Owner. Owner's Payments to the Engineer, General Engineering Services or Extra Services: A. The costs for those services described in paragraph 3 shall be billed on the basis of the payroll costs of the Engineer for each person performing the work, times a multiplier. The payroll cost is the actual salary paid to the employee excluding benefits. The multiplier applied to the salary cost is considered to cover the Engineer's costs for payroll taxes, rent, utilities, office overhead, lost time or readiness to serve, equipment overhead,'insurance, legal and accounting costs plus a reasonable margin of profit. The multiplier to be utilized as a part of this agreement shall be 2.75 (two and seventy-five hun- dredths). B. In any case in which the multiplier times the payroll cost of any individual exceeds $40.00 per hour, the latter hourly rate will be charged. C. The Engineer shall bill the Owner monthly and shall provide the Owner with an itemized billing statement for work performed during the billing period and the payroll cost to the Engineer of the person performing said work. The Engineer's billing shall also specify such items in said billing which may be charged back to developers under 6. The the terms of the City of Ramsey Ordinances or Council Resolutions. -6-